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OFFON
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  4. Casablanca Stock Exchange
  5. Itissalat Al-Maghrib (IAM) S.A.
  6. Financials
    IAM   MA0000011488

ITISSALAT AL-MAGHRIB (IAM) S.A.

(IAM)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
Valuation
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization1 124 368134 492127 459122 713122 713-
Enterprise Value (EV)1 138 240151 807144 999137 704136 810138 869
P/E ratio 20,7x49,4x23,5x21,2x20,3x20,4x
Yield 4,83%3,62%2,77%4,08%4,38%4,60%
Capitalization / Revenue 3,45x3,68x3,47x3,41x3,33x3,27x
EV / Revenue 3,84x4,16x3,94x3,82x3,71x3,70x
EV / EBITDA 7,74x8,02x7,59x7,35x7,14x7,17x
Price to Book 7,94x11,1x10,0x7,27x6,80x6,63x
Nbr of stocks (in thousands) 878 925879 031879 031879 031879 031-
Reference price (MAD) 142153145140140140
Announcement Date 02/18/201902/17/202002/19/2021---
1 MAD in Million
Previous periodNext period
Estimates
Income Statement Evolution (Annual data)
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales1 36 03236 51736 76936 01836 88437 551
EBITDA1 17 85618 92219 10018 73519 15519 361
Operating profit (EBIT)1 11 0528 23112 01811 25511 41411 476
Operating Margin 30,7%22,5%32,7%31,2%30,9%30,6%
Pre-Tax Profit (EBT)1 10 6157 4289 66110 46710 76011 045
Net income1 6 0102 7265 4235 7726 0336 080
Net margin 16,7%7,47%14,7%16,0%16,4%16,2%
EPS2 6,843,106,176,576,876,85
Dividend per Share2 6,835,544,015,696,116,42
Announcement Date 02/18/201902/17/202002/19/2021---
1 MAD in Million
2 MAD
Previous periodNext period
Income Statement Evolution (Quarterly data)
Fiscal Period: December 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2021 Q1 2021 Q2
Net sales1 9 4659 2089 3099 0148 9148 866
EBITDA1 4 9894 5254 794--4 599
Operating profit (EBIT)1 3 126-7572 913--2 825
Operating Margin 33,0%-8,22%31,3%--31,9%
Pre-Tax Profit (EBT) ------
Net income 1 625-1 9211 597-1 474-
Net margin 17,2%-20,9%17,2%-16,5%-
EPS ------
Dividend per Share ------
Announcement Date 10/21/201902/17/202004/20/202007/20/202004/23/202107/27/2021
1 MAD in Million
Previous periodNext period
Balance Sheet Analysis
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt1 13 87217 31517 54014 99214 09816 156
Net Cash position1 ------
Leverage (Debt / EBITDA) 0,78x0,92x0,92x0,80x0,74x0,83x
Free Cash Flow1 6 4457 3326 9477 8538 1717 752
ROE (Net Profit / Equities) 38,2%43,5%43,8%38,6%35,7%33,7%
Shareholders' equity1 15 7516 27112 39514 94416 89918 060
ROA (Net Profit / Asset) 9,63%9,50%8,44%9,00%9,40%9,50%
Assets1 62 40628 70764 25464 13664 18164 003
Book Value Per Share2 17,813,714,519,220,521,0
Cash Flow per Share ------
Capex1 8 0757 9494 1415 4195 9486 135
Capex / Sales 22,4%21,8%11,3%15,0%16,1%16,3%
Announcement Date 02/18/201902/17/202002/19/2021---
1 MAD in Million
2 MAD
Previous periodNext period
Key data
Capitalization (MAD) 122 712 720 899
Capitalization (USD) 13 287 643 978
Net sales (MAD) 36 769 000 000
Net sales (USD) 3 981 604 703
Number of employees 10 242
Sales / Employee (MAD) 3 590 021
Sales / Employee (USD) 388 753
Free-Float 19,2%
Free-Float capitalization (MAD) 23 541 665 949
Free-Float capitalization (USD) 2 549 151 168
Avg. Exchange 20 sessions (MAD) 8 271 579
Avg. Exchange 20 sessions (USD) 895 704
Average Daily Capital Traded 0,01%
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA